Vehicle detection service provider TGS closes angel round led by Innoangel Fund

Shanghai TGS has completed tens of millions of yuan angel financing round, exclusively invested by Innoangel Fund. After the completion of this round, TGS will strengthen the team building and increase investment in the research and development of core testing equipment, charging stations and battery big data application.

Shanghai TGS has completed tens of millions of yuan angel financing round, exclusively invested by Innoangel Fund. After the completion of this round, TGS will strengthen the team building and increase investment in the research and development of core testing equipment, charging stations and battery big data application.

Shanghai TGS was established in 2016, with the support of the government of Pudong New District, jointly funded by Beijing Institute of Technology, Beijing Institute of Technology Education Foundation, and Ma Yun, a alumni of Beijing Institute of Technology, and the company ’s founder.

TGS mainly operates the National Engineering Laboratory for Electric Vehicles (Shanghai Center) of Beijing Institute of Technology. The lab was inaugurated on September 18, 2018, and is engaged in the detection and testing services of new energy vehicles core components: electric motor, battery, electronic control and some complete vehicles, as well as research and development of some key detection equipment.

TGS has established great cooperative relations with major manufacturers such as Tesla, Mercedes-Benz, BMW, Audi, Volkswagen, GAC, GM, BAIC New Energy, CATL, Magna and more. The contract value in the first quarter of 2020 is close to 10 million yuan, and that number for the whole year is expected to exceed 60 million yuan.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/24/vehicle-detection-service-provider-tgs-closes-angel-round-led-by-innoangel-fund/.

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